342 King William Street, Hamilton, ON L8L 1P3
Excellent Investment Opportunity in Hamilton! Offered for sale by a long-term owner retiring, this renovated and upgraded property featuring legal duplex with an existing three-unit layout. This versatile property offers very good cash flow potential and opportunities to further maximize rental income. Very Bright and inviting throughout, the home features plenty of windows that fill the living spaces with lots of natural light.The upper unit features 4 bedrooms, 2 bathrooms, ensuite laundry, 1 Family Room (Can be used as a bedroom), and a roughed-in kitchen area currently configured as a bedroom, offering potential for a fourth unit. The main unit features 2 bedrooms, 1 family room (which can be used as a 3rd bedroom), and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. All three existing units have separate kitchens, providing independent living spaces and flexible rental possibilities. Recent Updates: Roof (2025), furnace (2024), and hot water tank (2023). With no existing rental contracts, very low expenses, and vacant possession, the new owner has the flexibility to further customize the home or establish their own tenancy arrangements at current market rents.Additional highlights include 3 separate hydro meters and approximately $75,000 in potential gross annual rental income with all three units, making this an attractive opportunity for investors seeking strong cash flow and long-term investment potential.Conveniently located in downtown Hamilton, the property is close to public transit, shopping, restaurants, and everyday amenities.A great opportunity to acquire a bright, versatile, multi-unit investment property with excellent income potential!
Bedroom
4.46 x 3.06 m
Third
Bedroom 2
3 Pc Ensuite, Double Closet
3.61 x 3.73 m
Third
Family Room
Fireplace
3.74 x 3.38 m
Second
Bedroom
W/O To Balcony
3.26 x 2.97 m
Second
Bedroom 2
Bay Window
3.44 x 3.37 m
Second
Kitchen
Walk-Out
3.26 x 5.39 m
Second
Family Room
Fireplace, Window
3.69 x 3.41 m
Ground
Bedroom
Window, Closet
3.42 x 2.52 m
Ground
Bedroom 2
Closet, Window
2.51 x 3.4 m
Ground
Kitchen
Granite Counters
2.49 x 2.79 m
Ground
Dining Room
Window
3.25 x 4.53 m
Ground
Bedroom
Large Closet
2.85 x 3.41 m
Basement
Dining Room
Combined w/Kitchen, Combined w/Living
2.99 x 6.47 m
Basement
Interior features
Other
Basement
Separate Entrance, Finished
Bathrooms
1 × 3-piece — Third, 1 × 4-piece — Second, 1 × 3-piece — Main, 1 × 3-piece — Basement
Fireplace
Yes
Family room
Yes
Kitchens
3
Rooms (above / below grade)
12 above, 1 below
Architectural style
2 1/2 Storey
Construction materials
Brick
Foundation
Concrete
Roof
Shingles
Direction faces
South
Garage type
None
Garage spaces
0
Total parking spaces
1
Driveway parking
1
Parking features
Front Yard Parking
Lot size
30 x 50.58 ft
Cross street
King and Victoria
Directions
King and Victoria
Neighbourhood
Landsdale
Heating
Forced Air — Gas
Water
Sewer
Sewer
List price
$799,000
Original list price
Annual taxes
$3,909
Tax year
2026
Assessment year
2026
Legal description
PLAN 223 PT LOT 159 REG
Inclusions
Exclusions
MLS #
X14089868
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Multiplex
Days on market
List date
Possession
30/60/tba
Occupancy
Owner
Listing brokerage
HOMELIFE EXCELSIOR REALTY INC.
$925,000
Median list price
3
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$3,830
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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